Bailard Inc. grew its holdings in Anadarko Petroleum Co. (NYSE:APC) by 228.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,892 shares of the oil and gas development company’s stock after purchasing an additional 7,573 shares during the period. Bailard Inc.’s holdings in Anadarko Petroleum were worth $734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of APC. Wesbanco Bank Inc. increased its holdings in Anadarko Petroleum by 7.9% in the second quarter. Wesbanco Bank Inc. now owns 10,997 shares of the oil and gas development company’s stock worth $806,000 after buying an additional 806 shares during the last quarter. Cobiz Wealth LLC increased its holdings in Anadarko Petroleum by 1.2% in the third quarter. Cobiz Wealth LLC now owns 71,811 shares of the oil and gas development company’s stock worth $4,841,000 after buying an additional 825 shares during the last quarter. Welch & Forbes LLC increased its holdings in Anadarko Petroleum by 1.3% in the third quarter. Welch & Forbes LLC now owns 75,094 shares of the oil and gas development company’s stock worth $5,062,000 after buying an additional 940 shares during the last quarter. FTB Advisors Inc. increased its holdings in Anadarko Petroleum by 23.2% in the second quarter. FTB Advisors Inc. now owns 5,058 shares of the oil and gas development company’s stock worth $369,000 after buying an additional 952 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Anadarko Petroleum by 1.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 85,768 shares of the oil and gas development company’s stock worth $5,782,000 after buying an additional 991 shares during the last quarter. Institutional investors own 85.01% of the company’s stock.

APC opened at $52.06 on Friday. Anadarko Petroleum Co. has a 1-year low of $47.37 and a 1-year high of $76.70. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $26.72 billion, a PE ratio of -26.56, a price-to-earnings-growth ratio of 1.34 and a beta of 1.49.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the company posted ($0.77) earnings per share. The firm’s revenue was up 48.1% compared to the same quarter last year. As a group, sell-side analysts predict that Anadarko Petroleum Co. will post 2.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 11th. Anadarko Petroleum’s dividend payout ratio is currently -51.02%.

A number of brokerages have issued reports on APC. JPMorgan Chase & Co. set a $66.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Friday. MKM Partners began coverage on Anadarko Petroleum in a research report on Wednesday. They set a “buy” rating and a $76.00 target price for the company. Mizuho reaffirmed a “buy” rating and set a $74.00 target price on shares of Anadarko Petroleum in a research report on Tuesday. Cowen began coverage on Anadarko Petroleum in a research report on Thursday, November 29th. They set an “outperform” rating and a $75.00 target price for the company. Finally, Morgan Stanley decreased their target price on Anadarko Petroleum from $83.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, November 20th. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $79.67.

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Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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